BILL TITLE: Conveyance of the Middle Loup
Division of the Missouri River Basin
Project

BILL PURPOSE: Directs the Department of Interior
to convey title to the Middle Loup
Division of the Missouri River Basin Project, Nebraska, to three local reclamation and
irrigation districts.

OMB ESTIMATE: P.L. 106-366 requires
the water districts and the Western Area Power
Administration (WAPA) to settle outstanding repayment obligations related to the
facilities as a condition of the conveyance, which is expected to occur in 2001.

NOTE: The cumulative effect of direct
spending and revenue legislation enacted to date is
currently estimated to result in an end-of-session sequester. The Administration looks forward to
working with the Congress to ensure that an unintended sequester does not occur.